The composition of loans at December 31, 2024 and 2023 was as follows:


	December 31,
	2024			2023
	(in thousands)
Mortgage loans on real estate:
Construction and & Secured by Farmland	$	95,200		$	84,145
HELOCs		50,646			47,674
Residential First Lien - Investor		105,910			117,431
Residential First Lien - Owner Occupied		194,065			178,180
Residential Junior Liens		11,184			12,831
Commercial - Owner Occupied		272,236			251,456
Commercial - Non-Owner Occupied & Multifamily		367,680			348,879
Commercial and industrial loans:
SBA PPP loans		28			51
Other commercial and industrial loans		110,315			107,777
Marine loans		210,095			251,168
Consumer loans		31,017			42,419
Overdrafts		309			253
Other loans		11,911			12,895
Total loans	$	1,460,596		$	1,455,159
Net deferred loan costs and premiums		6,453			7,527
Allowance for credit losses		(15,027	)		(14,493	)
	$	1,452,022		$	1,448,193

At December 31, 2024 and 2023, the Company was servicing loans totaling $20.9 million and $7.7 million, respectively for other financial institutions which are not included in the table above. Also excluded from the table above are net servicing assets of $326 thousand and $153 thousand at December 31, 2024 and 2023, respectively, which are recorded in other assets in the Consolidated Balance Sheets.